AKE (ASX) Ann: Olaroz Lithium Facility Operations Update

Originally posted by niu ↑

It seems to be a bit of a skunk works sort of operation - not a lot of information out there

Found this
ADY Resources in incremental mode The Salar del Rincon project, the longest running of the present wave of development projects, dates back to 2002. A 17,000 tpa LCE plant starting mid-2008 was envisaged by Admiralty Resources. But that vision was curtailed in 2008 when Admiralty sold the project to survive the global financial crisis. Venture capitalist, The Sentient Group, picked up six years project development work for $22.17m. Just two years later Sentient was first to initiate Li2CO3 production outside China since 1997, albeit small scale at 1,500 tpa, for $75m capital expenditure so far. Today, as a result of internal reorganisation, the project is run by ADY Resources, a part of newly created (February 2012) Enirgi Group owned by Sentient Group of Global Resource Funds. Since acquisition, the company has completed an extensive drilling programme and is confident it has sufficient resource and quality to deliver high grade Li2CO3 for over 20 years. However, ADY has not made public any details regarding its recent resource estimate or what capacity it foresees for an industrial scale operation. The company does assert, however, that it has proven the technology in progressing from pilot plant to small scale commercial plant and that its proprietary technology has led to improvements in costs and product quality. ADY has been running the plant to optimise the extraction process and, beginning early 2012, to produce initial commercial parcels for customers. ADY intends to increase capacity on an incremental basis as demand requires whilst gaining operational experience before committing to what it describes as a sustainable grand scale production facility.
http://www.cecorp.ca/documents/en/IndustrialMinerals.pdf

and then more recently this
http://globenewswire.com/news-relea...roprietary-Lithium-Extraction-Technology.html

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niu

Thanks for the reference. The author, Gerry Clarke, was editor of IM from 1983 to 1987 and wrote some very insightful reports on lithium – and other commodities. I wonder if he is still with IM.

The note about ADY’s new technology is very intriguing: a now retired very senior ANSTO researcher swear over a stake of bibles that is has the ability to “disrupt” the Li recovery technology, an assertion that he repeated very recently.

By the way, I’m somewhat disappointed that the silly production polynomial regression is working and is now the official company forecast – nameplate in Sep 2016!

It is a pity that this very public medium doesn’t not allow us to exchange more information: I think we could have great fun exchanging data.

All the very best.
Cassandra, qui non crediderunt